Small Town Steel also designs and manufacture custom-designed tools for special purposes in the mining industry. The custom-designed tools are made only on the signing of a contract and receipt of a deposit whereas the standard products are supplied to regular customers on receipt of a telephone order. Small Town Steels sales transactions vary from a few dollars to millions of dollars depending on the number of items sold, whether the individual items are large or small and whether the products are standard or custom-designed tools.

Required Sally Neilson has been asked to gather evidence about the sales transactions using sampling and vouching. Outline and justify your expectations for:

the content of the audit program in relation to sample selection and vouching procedures.

CAATs that could be used to help gather the evidence, including at least one feature of Active Data for Excel.